Sunday, March 20, 2011

Reason #1 the Olentangy levy is unneeded

The district currently has sufficient bond residuals to fund the $24.4 million on the ballot. Where is the money? $12 million of bond residuals was moved into the permanent improvement fund last year. Why was it moved there? I'm not certain. But I know that it is not going to be used for permanent improvements. That's right. An internal district document shows that money being set aside other purposes. Another $5.5 million is sitting in the bond fund, and just like the $12 million in the permanent improvement fund, unspent on previous projects. So, assuming the listed projects and expenses are needed (and should be funded over 27 years), the district has sufficient bond residuals (if they trim just some of the fat, of course).

5 comments:

Anonymous said...

Shameful and corrupt.

JimInOhio said...

Tried leaving some good information from this site and responsibleolentangy.org on "Olentangy for Kids" Facebook page, but it was pulled off within an hour. So, I've created the "Olentangy for Children" page on Facebook. If it will help get this message out please feel free to visit, "Like", and post to the page. Just enter Olentangy for Children in Facebook's search box and it should get you to the page. I hope people wise up before this vote; I'm seeing too many "Vote Yes" signs in my neighbors' yards.

JimInOhio said...

Tried leaving some good information from this site and responsibleolentangy.org on "Olentangy for Kids" Facebook page, but it was pulled off within an hour. So, I've created the "Olentangy for Children" page on Facebook. If it will help get this message out please feel free to visit, "Like", and post to the page. Just enter Olentangy for Children in Facebook's search box and it should get you to the page. I hope people wise up before this vote; I'm seeing too many "Vote Yes" signs in my neighbors' yards.

Anonymous said...

It went to buying the old high school brand spanking new flat screen tvs in every single room and even in the hallways. Thats's where all that money went. Over half the teachers don't even use the TV's. Not to mention the new theater and new hallway.

Anonymous said...

Where did all of the extra money left over from builing orange High School go?
How much of the athletic and music program expenditures are paid for by the boosters?